Prime Minister commits support to Ontario businesses

Prime Minister Nguyen Xuan Phuc
committed all possible support to Canada’s Ontario firms to do business in
Vietnam during a reception in Hanoi on December 6 for Premier of Ontario Kathleen
Wynne.

The PM spoke highly of bilateral trade with Ontario which
hit 3 billion USD out of the total 4 billion USD trade between Vietnam and Canada.

He said the agreement by relevant countries to continue with
negotiation on the Comprehensive and Progressive Agreement for Trans-Pacific
Partnership (CPTPP), will lay a foundation for Vietnam and Cananda to boost
all-around ties, including in trade.

Phuc expressed wish that two-way trade will grow at least
10-15 percent in the future.

With potential of partnership in mining, manufacturing,
national defence-security, he called on more Canadian firms to invest in
Vietnam, noting that many Canadian investors have succeeded in doing business
in the Southeast Asian country.

Wynne informed the host that Ontario is the first state to implement
the Vietnam-Canada cooperation agreement following the Vietnam visit by Prime
Minister Justin Trudeau, adding that as home to a number of big corporations, Ontario
contributes to 40 percent of the gross domestic product of Canada.

She said the business delegation accompanying her in the
visit comprises representatives from nearly 50 enterprises who want to seek
business opportunities in infrastructure, education, clean industry and health
care.

Many non-profit organisations are also ready to assist
Vietnam in climate change response and environment protection, she said.

Agreeing with the host’s stance on free trade promotion, she
said Ontario is actively pushing the Canadian administration on CPTPP
negotiations.-VNA